GM Has Sold Only 58,000 Chevy Volts in Three Years

Desperate to amp up sales of its Chevy Volt, General Motors is lowering prices and planning to offer a cheaper model that doesn’t go as far on a single charge as the existing model.

Featuring a smaller, cheaper battery system, the new model Chevy Volt is going into production in Detroit in 2015.

The Volt has sold a mere 58,158 units since it first went on sale just over three years ago. Despite price cuts, cash-back deals, and heavy promotion from President Obama and environmentalists, sales have been anemic. In comparison, the Ford F-series pickup truck, sold more than 70,000 units last month. Ford sold 763,402 F-series vehicles in 2013 alone.

As Reuters reported, “Volt sales last year were flat, at 23,094. In the first three months this year, Volt sales dropped 15 percent to 3,606.”

GM has shut down production of the Volt many times because sales have not justified keeping the manufacturing lines open.